31A. Zheng invested $180,000 and Murray invested $280,000 in a partnership. They agreed to share incomes and losses by allowing a $80,000 per year salary allowance to Zheng and a $60,000 per year salary allowance to Murray, plus an interest allowance on the partners beginning-year capital investments at 10%, with the balance to be shared equally. Assuming net income for the current year is $145,000, the journal entry to allocate net income is:

31B. Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $138,000; Chris, $98,000; and Molly, $118,000. Paul is admitted to the partnership on July 1 with a 15% equity and invests $178,000. The balance in Caitlins capital account immediately after Pauls admission is:

31C. Martin Company purchases a machine at the beginning of the year at a cost of $130,000. The machine is depreciated using the double-declining-balance method. The machines useful life is estimated to be 4 years with a $10,800 salvage value. The machines book value at the end of year 3 is: